Livestock farming is one of the business operations when done right can reap a lot of profit to the farmers. Farmers can enjoy maximum profits when they auction their produces at the right time. Being at the right place at the right time is truly important. Read on to know more.
Livestock farming can be both highly profitable and loss making for the farmers at the same time. When done right, can reap a lot of benefits. Livestock farming can be especially tricky for all the grass fed cattle operations, as the operational costs are really high. There are certain effective ways that farmers can follow to reduce their everyday operational costs and to save up on all the expenses they make. The following simple yet effective ways to curb livestock farming expenses can be applied for any livestock farming:
1. Compensations/ Government funding
The governors of the Counties are the concerned people for compensation schemes related to livestock farming. Norway has excellent compensation schemes to encourage more livestock farming, as it forms the major part of the food consumed by Norwegians. You can apply for these fundings from the government at Municipal offices. Your application will be reviewed, your operations will be monitored, and the Norwegian Agriculture Agency will provide grants if you comply with all the rules and regulations. Compliance can actually save you a lot of money as well as get you that government aid you’ve been looking for.
2. Fairly simple and effective operations
It’s always good to have your business operations fairly simple and effective. Having complex business and marketing plans, and multiple impertinent crops and breeds will only do more harm than good. It is the best to have laser sharp focus on the business and the farming produces.
Albeit, it is truly tempting to have more than three incomes to your business it is always good to put an end to your expansion plans when they reach 3 business verticals. This way your focus is almost undivided, you can take care of your financial struggles, and have perennial income source. The key here is to not overdo it. Perfect your main business and have two side businesses, and you are all good.
3. Use the concessions for livestock
There are a number of concession schemes for livestock farming provided by the government of Norway. There are separate schemes for pigs, cows, and poultry that you can make use of. Livestock farmers can apply for this concession to increase your cash flow. You can apply for the same to the County governor, and they will have your application reviewed and take a call.
4. Improve your culling habits
It is best that you practice the best culling habits out there. It is best to choose the right breed to stay and know the ones to cull. Any animal that faces difficulty to conceive or contact any other diseases do not have a place in your herd. We all know culling can be ruthless at times and it may look like if you cull such animals your number would dwindle drastically. Trust us, adopt this process and see how your expenses go down in no time.
5. Calve at the right time
You might have practiced calving during winter for various traditional reasons. But did you know this consumes a lot of your operational cash. We recommend that you switch to calving during the summer season. Not only will the cattle conceive better, it will also improve the quality of the breed and conception will be really faster. Summer calving can also help you wean the cattle faster and make them available in the market for sale. What more do you want?
6. Select the right herd
Cattle management – where we split the cattle into many different groups based on various reasons is one of the finest practices. But this can work both ways and prove to be really expensive for the farmers if they have a large number of small herds. It is important to have a minimum of 8 cattle in a group when they’re out grazing. This will reduce the infrastructure required and the pasture required. We urge you to go for it.
We have jotted down some of the best practices you can follow to curb your livestock farming expenses. Trust us, these tips will save you money big time. Do try these simple steps and let us know in the comment section how it goes for you.
